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Black Opal Consultants IPO Shares to List on October 7 Following Massive 68x Subscription
M
Moneycontrol•05-10-2026, 18:59
Black Opal Consultants IPO Shares to List on October 7 Following Massive 68x Subscription
- •Black Opal Consultants initial public offering of Rs 55.08 crore received an overwhelming response, subscribed 68.71 times overall.
- •The non-institutional investor portion saw the highest demand at 92.30 times subscription, followed by retail and institutional quotas.
- •Equity shares of the Delhi-NCR-based real estate advisory firm are scheduled to begin trading on the BSE platform on October 7.
- •The IPO was offered at a price band of Rs 185 to 197 per share, giving the company a post-issue market capitalisation of around Rs 164 crore.
- •Proceeds from the fresh issue will be used for securing sales and marketing mandates and investing in an Ayodhya project by Aurika Developers LLP.
Key Questions Answered
The equity shares of Black Opal Consultants are proposed to begin trading on the BSE platform on October 7, 2026.
The Rs 55.08-crore initial public offering drew 68.71 times subscription overall, closing with 59,512 applications.
The company plans to use the proceeds partly for securing sales and marketing mandates and for investment in Aurika Developers LLP, a group entity involved in an Ayodhya project.
